Republican Senator Dusty Deevers from Oklahoma has introduced legislation that would allow employees and residents of the state to receive their salaries in Bitcoin (BTC), and enable businesses to accept Bitcoin payments. Dubbed the “Bitcoin Freedom Act,” Senate Bill 325 aims to provide a voluntary framework for Bitcoin adoption, giving employees, employers, and businesses the … Read more
The Trump Bitcoin Digital Trading Cards collection made its debut through the Ordinals protocol, with an initial drop of 160 NFTs. This launch marked the former president’s entrance into the world of Bitcoin-based NFTs. The collection leverages the Ordinals protocol, which inscribes data onto satoshis, the smallest unit of Bitcoin. The cards in this release, … Read more
Public Bitcoin miners are increasingly adopting treasury strategies and diversifying their revenue streams to navigate the challenging crypto market. This shift in strategy follows the lead of companies like MicroStrategy, which have amassed significant Bitcoin holdings. Building Bitcoin Treasuries Many miners, including MARA Holdings, Riot Platforms, and Hut 8, are actively increasing their Bitcoin reserves. … Read more
In a recent report published on Tuesday, Fidelity Digital Assets analyst Matt Hogan warned that countries might face greater risks by avoiding Bitcoin than by embracing it. He pointed out that many governments have inadvertently acquired Bitcoin through seizures related to criminal activities, rather than making proactive, long-term investments. Hogan emphasized that while some nations, … Read more
Bitcoin is currently experiencing a period of short-term downward pressure, driven by a confluence of factors including a strengthening U.S. dollar, heightened market volatility, and shifting investor sentiment. Despite reaching a record high of over $108,000 in December, Bitcoin has seen a reversal in momentum. Joe McCann, founder and CEO of crypto investment firm Asymmetric, … Read more
El Salvador has continued to expand its Bitcoin holdings, adding to its reserves since September 2021, when it became the first country globally to adopt Bitcoin as legal tender. This recent acquisition underscores the nation’s unwavering commitment to leveraging cryptocurrency for financial inclusion, economic growth, and a reduced reliance on traditional banking systems. While the … Read more
Known for his progressive stance on cryptocurrency, Pierre Poilievre, Leader of Canada’s Conservative Party, recently made a bold move by using Bitcoin for everyday purchases. His decision to pay for a shawarma with Bitcoin may seem symbolic, but it carries significant weight in showing his commitment to the adoption of digital currencies. Poilievre’s action is … Read more
The governor of the Czech National Bank (CNB), Aleš Michl, recently discussed the possibility of Bitcoin being considered as a diversification strategy for the country’s foreign exchange reserves, signaling increasing government interest in cryptocurrencies as a potential savings technology. In an interview with CNN Prima News, Michl stated that he had considered acquiring “a few … Read more
Controversial figure Andrew Tate has launched a new political party in the UK, dubbed the “BRUV Party” (short for “Britain’s Resurgence Union”). With his sights set on becoming the next Prime Minister, Tate’s platform centers on Bitcoin, advocating for the creation of a national Bitcoin reserve. Tate argues that the UK is falling behind in … Read more
Spot Bitcoin exchange-traded funds (ETFs) in the US gobbled up significantly more Bitcoin than miners produced in December 2024. ETFs amassed 51,500 BTC, according to data from Apollo and BiTBO. Miners only produced 13,850 BTC, highlighting strong ETF demand. This trend suggests there’s not enough supply to meet demand at current prices. Bitcoin ETF Inflows … Read more